News that three large retailers have experienced significant growth is certain to inject much needed positivity into the retail sector.
And Midland Pallet Trucks, one of the country's premier providers of pallet trucks and other manual handling equipment to a whole range of sectors, is welcoming the news, signalling the potential recovery within the troubled retail sector.
In a time of significant doom and gloom within the retail rector, big high street names, Holland and Barrett and Poundland posted strong growth both in the UK and abroad and reported surging shares respectively, while Inditex, the world's largest clothing retailer, recorded better than expected profits following continued sales growth worldwide.
Discussing first cluster of positive retail stories for quite some time, Phil Chesworth Director of Midland Pallet Trucks, said, "Over the last couple of months, the retail sector has experienced some significant troubles. The decline in sales across the board, along with the collapse of a British institution, BHS, has meant that many retailers have been feeling the pressure. The impending outcome of the Referendum has meant that many consumers don't know where they stand so are reluctant to spend money. However this news is sure to provide retailers with hope for the future."
Holland and Barrett and Poundland are both UK companies. Whereas Inditex is a Spanish company boasting 7013 stores all over the world. Owning high street clothing giants Zara, Massimo Dutti and Pull and Bear, Inditex's report better represents the health of the world's economy.
Phil adds, "With such big organisations posting such positive figures, it is hoped that this news gives retailers hope for the future, while putting consumers' minds at rest."